Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

At March 31, 2016 and 2015, we had three reportable segments: (1) Domestic, (2) Import, and (3) Premium Luxury. Our Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by Ford, General Motors, and FCA US (formerly Chrysler). Our Import segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, and Nissan. Our Premium Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Lexus, and Audi. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products.

“Corporate and other” is comprised of our other businesses, including collision centers and an auction operation, each of which generates revenues, as well as unallocated corporate overhead expenses and retrospective commissions for certain financing and insurance transactions that we arrange under agreements with third parties.

The reportable segments identified above are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by our chief operating decision maker to allocate resources and assess performance. Our chief operating decision maker is our Chief Executive Officer.

In the following tables of financial data, revenue and segment income of our reportable segments are reconciled to consolidated revenue and consolidated income from continuing operations before income taxes, respectively.

	Three Months Ended
	March 31,
	2016		2015
Revenue:
Domestic	$	1,848.2	$	1,665.7
Import	1,675.0		1,678.7
Premium Luxury	1,540.3		1,563.2
Total	5,063.5		4,907.6
Corporate and other	56.1		36.6
Total consolidated revenue	$	5,119.6	$	4,944.2

	Three Months Ended
	March 31,
	2016			2015
Segment income(1):
Domestic	$	77.4		$	79.3
Import	76.1			75.0
Premium Luxury	83.0			94.1
Total	236.5			248.4
Corporate and other	(48.0		)	(46.7		)
Other interest expense	(28.3		)	(21.4		)
Interest income	0.1			0.1
Other income (loss), net	(3.4		)	1.1
Income from continuing operations before income taxes	$	156.9		$	181.5
(1) Segment income represents income for each of our reportable segments and is defined as operating income less floorplan interest expense.